Moneta’s Head Global Market Strategist and Senior Investment Consultant Aoifinn Devitt, Your crypto coins He opposed the idea that there was a safe port presence.
Speaking about the latest market regression, Devitt announced that it continues to be a “risk -open” asset rather than a stable hedge against the market volatility of the crypton.
On Sunday, Ethereum experienced a sharp decline of 27 %, and re -exacerbated whether digital assets could see a safe shelter in financial turmoil.
Devitt rejected this idea and said, “I have never said that. I’m not sure who is in this position as a consultant.
In order to determine how to perform in case of a market collapse, we have not yet had enough information about this asset class from a 360 -degree perspective. ”
Devitt pointed out the uncertainty about how crypto currencies will react to basic economic factors such as interest rates and inflation. He said that crypton acts as an extremely “risky asset asset and should be high tolerance for volatility.
While some supporters described Bitcoin as “digital gold ,, Devitt continued to remain skeptical of being a safe port. “It may be aligned with gold in terms of acting as a hedge in a portfolio, but only as a hedge against reputation money,” he explained.
In addition, despite Bitcoin’s charm as an alternative to traditional money, he pointed out that the demand for nominal currencies, especially the US dollar, remained strong. “Currently, it seems that there is not much anorexia for nominal currencies,” he added.
Devitt talked about fluctuations in the crypto market, but admitted that Bitcoin tends to be more stable than other digital beings, such as Ethereum, although Bitcoin was affected.
“Bitcoin is definite, the first crypto currency. If you want to take risks with a little less volatility, Bitcoin may be suitable for starting. ”
With the emergence of Bitcoin stock market investment funds (ETFs), Devitt said that the asset class has become more common and liquid.
However, he made it clear that this does not mean security. “We are not in the safe port area, but we are in a more accessible market,” he said: “This is a relatively calm place, but in any way it is not a safe port.”
*It is not an investment advice.
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Source: https://www.bitcoinsistemi.com/bitcoin-ve-kripto-paralar-artik-guvenli-liman-haline-geldi-mi-analist-degerlendirdi/
